EUR/USD: Year-end forecast of 1.05 despite Grexit risk - JPMorgan

FXStreet (Bali) - John Normand, FX Strategist at JPMorgan, notes that they retain the year-end EUR/USD forecast of 1.05 despite Grexit risk after the 'No' vote in the Greek referendum.

Key Quotes

"There is no change to the year-end EUR/USD forecast of 1.05."

"To us, Fed policy will be more enduring than sovereign stress, and we doubt the stress will require such a large ECB commitment to deliver the extreme downside targets outlined above."

"Hence, no change the forecast decline to 1.05 this year (based on the Fed) and a bottom in Q2 2016 (based on ECB tapering).

Jul 6, 2015

Grexit less likely than conventional wisdom suggests - TDS

The Strategy Team at TDS looks at the implications of the 'No' vote in Greece, noting that a Grexit is less likely than the conventional wisdom suggests, although adding that medium-term arguments for EUR to trade heavy have been reinforced.

Greek referendum: 'No' vote sharply raises prospect of Grexit - BNZ

The Greek referendum result sharply raises the prospect of an eventual Greek exit from the euro-zone, notes Kymberly Martin, Senior Market Strategist at Bank of New Zealand.